THE KOG REPORT
In last week’s KOG Report, we said we would only be looking for one move and that was to short the market into the levels illustrated on the chart. We had the initial opportunity from the intra-day resistance level giving the move breaking through the order region temporarily giving us the bounce to long back up into resistance where we said we wanted to monitor price to establish another short opportunity. Both these worked well although not as straight forward as we had hoped.
During the week, we gave the FOMC Report highlighting the levels to long up into the resistance level and then short the market from higher up, this move however, was a point to point, level to level move continuing the fantastic week we had on Gold, completing over 8 targets activated. Well done to the team again, not only on Gold but the numerous other pairs we trade giving us over 800pips combined captures.
So, What can we expect in the week ahead?
After NFP and FOMC last week, this week we have a bank holiday in the UK which may give us some thin volume to start the week. NFP caused a lot of confusion amongst traders and only managed to whipsaw them back into where the price started. Support now stands at the 2295-7 region, which in our opinion, If held in the early session could give us a push upside towards the order region above, targeting the resistance levels of 2310 initially and above that 2320. Now, what we want to see here is if market can hold this order region again and give us the opportunity to get that short again. If we get the short from above we’ll be looking for the lower levels to be targeted and hopefully we can complete the move.
There are a couple of curveballs here this week, 1) this could open and continue the move downside, if so, we’ll look for the retracements to get in and we’ll target our Excalibur targets upon activation. 2) staying below that 2330-40 order region is important for us to carry out this plan and continue with the move downside. In our opinion, the decent long trades will come from lower down for the ideal swing.
That’s all for this week’s report, simple plan again, not going to over complicate it with numerous what’s and if’s. As usual, we’ll update traders through the week with the daily report, KOG’s bias of the day and the daily levels.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
In last week’s KOG Report, we said we would only be looking for one move and that was to short the market into the levels illustrated on the chart. We had the initial opportunity from the intra-day resistance level giving the move breaking through the order region temporarily giving us the bounce to long back up into resistance where we said we wanted to monitor price to establish another short opportunity. Both these worked well although not as straight forward as we had hoped.
During the week, we gave the FOMC Report highlighting the levels to long up into the resistance level and then short the market from higher up, this move however, was a point to point, level to level move continuing the fantastic week we had on Gold, completing over 8 targets activated. Well done to the team again, not only on Gold but the numerous other pairs we trade giving us over 800pips combined captures.
So, What can we expect in the week ahead?
After NFP and FOMC last week, this week we have a bank holiday in the UK which may give us some thin volume to start the week. NFP caused a lot of confusion amongst traders and only managed to whipsaw them back into where the price started. Support now stands at the 2295-7 region, which in our opinion, If held in the early session could give us a push upside towards the order region above, targeting the resistance levels of 2310 initially and above that 2320. Now, what we want to see here is if market can hold this order region again and give us the opportunity to get that short again. If we get the short from above we’ll be looking for the lower levels to be targeted and hopefully we can complete the move.
There are a couple of curveballs here this week, 1) this could open and continue the move downside, if so, we’ll look for the retracements to get in and we’ll target our Excalibur targets upon activation. 2) staying below that 2330-40 order region is important for us to carry out this plan and continue with the move downside. In our opinion, the decent long trades will come from lower down for the ideal swing.
That’s all for this week’s report, simple plan again, not going to over complicate it with numerous what’s and if’s. As usual, we’ll update traders through the week with the daily report, KOG’s bias of the day and the daily levels.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
